Top 5 Reasons Why You Should Buy Now and Not Later….
1. The $8000 or $6500 tax credit available to buyers
2. Rates will rise at some point in the near future…so first 4 months of the year could be the most ideal time to purchase
3. FHA proposing to raise upfront mortgage insurance premiums from 1.75% to 2.25% in the very near future
4. FHA proposing to reduce the amount of seller paid contributions from 6% to 3% (in high cost states this could increase out of pocket to buyers)
5. Potential further credit tightening by FHA
Great time to buy!
